EUR/USD, GBP/USD: overhead resistance levels

Both the Euro and the Pound are approaching important resistance levels on the 1d timeframe which may cap gains and resurrect the downtrend against the dollar. These levels are also near round figures which are 1.3500 for the EURUSD and 1.6000 for the GBPUSD.

Contrary to this above 1.3500 there is scope for 1.3820 on the EURUSD while the 1.600 level would open the upside for the GBPUSD to 1.6450.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: